Gilani, Shaikh meet to discuss economy

ISLAMABAD: Prime Minister Yuosuf Raza Gilani on Thursday held a meeting with Advisor on Finance Abdul Hafeez Shaikh to discuss economic situation and matters related to the next budget. Shaikh called on the premier here at the PM House and briefed him about the state of national economy. During the meeting, he briefed Gilani on continuing progress in key areas such as domestic tax collection that has registered 26 per cent increase during the first half of the current financial year compared to the corresponding period of the previous financial year. Gilani directed the advisor to further consolidate the stabilisation of growth of the economy with a view to leading the job creation for the youth. The prime minister also...

Read more »

Posted in: BUSINESS

Power shutdown spoils Sundar production plans

LAHORE: The hopes to start full-fledged production at Sundar Industrial Estate in view of the resumption of gas supply after one-and-a-half months dashed on Wednesday because of power breakdown which the industrialists said was sudden and devastating. The outage continued from 8am to 6pm – the timings during which the industrialists had planned to run their factories at full production capacity to cover up the losses they had been suffering since the suspension of gas supply to the industrial estate on Dec 22. They industrialists strongly protested against the shutdown and convened a meeting of their board of management on Thursday (today) to decide how to counter it. “We had planned to resume full-fledge production after...

Read more »

Posted in: BUSINESS